My main question is, is it a good idea to just replace the J pups and not the P pup or should I toss in the extra $50 or so and replace both? I will prob. be switching to DiMarzio Jazz pickups but havent done any research on new Ps

The pickups and EQ on low end Ibanez basses are notorious for being relatively low quality. Personally if it were my bass I'd leave it alone. You should see if Reverend still has some of their P-bass pickups available, they sound fantastic and are very inexpensive. Do a search here for the thread. Before you start putting money into that bass, be aware that any upgrades you spend money on will not yield an increase in the value of the bass. Do so only for your own edification.

The pickups and EQ on low end Ibanez basses are notorious for being relatively low quality. Personally if it were my bass I'd leave it alone. You should see if Reverend still has some of their P-bass pickups available, they sound fantastic and are very inexpensive. Do a search here for the thread. Before you start putting money into that bass, be aware that any upgrades you spend money on will not yield an increase in the value of the bass. Do so only for your own edification.

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After trying the GSR a number of times through various amplifiers, I think the most notorious thing holding the bass back are the factory strings. The pickups aren't that bad, nor are the electronics. Just don't use extremes of boost on the eq.

A student of mine bought one and we put on a set of TI flats. Completely changed the sound for the better. Other good quality strings will probably do the same.

I wouldn't mod that bass much beyond strings because you'll never get your money back if you sell or trade it. You could upgrade the pickups and take them out for another project if you decide to sell the bass.

If you do swap out pickups go for a matched set of PJ from a company you like. I'd go with Basslines myself if I did it.

I also vouch for new strings - the electronics on both my Ibbys aren't too bad. Just if you do decide to get flats, you will probably need to shim it because the tension is a lot for the thin necks...

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Yes, maybe if you use high tension strings. I went with TIs which are low tension and had to back off the trussrod about 1/4 of a turn.

One thing I don't care for with the 200 (and this is a problem common to many PJ equipped basses, including much more expensive ones) is the bridge pickup is a single coil and tends to get noisy when dialed in. Shieding won't solve that problem. A humbucking pickup would. This may or may not bother you.

I'm more fond of the EMG sound, so I'd put in EMG-HZ PJ pickups. They're passive, but great sounding.

You could also put in the more expensive EMG PJ pickups (the active ones), but then you would have to seriously consider how useful that bass will be to you in the future.

I've upgraded my first bass with active EMGs because A) I'm a lefty, so lefty basses are hard to come by, B) It sounds very impressive for being an "upper" low end bass, and C) I love the sound of EMG pickups.